Imperial Tavern on Ludlow for Sale?

Posted on: January 20th, 2011 at 6:09 am by

Imperial Tavern just announced itself at 161 Ludlow Street early last month, but is already testing the market for potential buyers.  That’s right!  Despite the healthy supply of fratty neon drink signs in the windows, there is now a real estate listing for the business via Tower Brokerage.  And all the pictures are current.  According to the website (and Craigslist), asking price for the 1,400 square-foot space with dual bars is $11,500 per month, plus a whopping $325,000 in key money.  The buyer would gain a ten year lease.  A flip in the works?

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The self-proclaimed “right restaurant at the right time” arrived rather suddenly on the already-destroyed scene.  One day 161 Ludlow was Paladar (the second iteration, anyway), and seemingly overnight, became the Imperial Tavern.  Same owners, though. 5 Ninth alum Nick Grosz is manning chef duties, and compiled a “foodie stoner” menu complete with burgers, mac ‘n’ cheese, fried chicken, and biscuits.

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But all the stoners out there are just gonna have to wait. The Tavern has been closed since the beginning of the month for alleged “kitchen upgrades.” A sign on the door reads as follows:

Our kitchen is undergoing upgrades and compliance repairs. We expect food service to resume by Tuesday, January 25 provided we receive the requisite signoffs of the work.  Thank you for your patience.  We could use some ourselves.

As a postscript, a reliable source tells us more about the ownership behind Imperial Tavern.  The man helming the operation is apparently Mason Reese from Destination, who hired a bunch of the out-of-work Superdivers to his team. Including “Kegmaster Matt.”

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